December 1, 2009 (FinancialWire) — Trustmark Corp. (NASDAQ: TRMK) has launched an underwritten public offering of approximately $100 million of its common stock. In connection with the offering, the underwriters will have a 30-day option to purchase up to an additional $15 million of common stock to cover over-allotments.

UBS Securities (NYSE: UBS) and J.P. Morgan Securities (NYSE: JPM) are serving as the joint-bookrunning managers.

Trustmark said it plans to notify the U.S. Treasury of its intent to redeem all 215,000 shares of its outstanding Fixed Rate Cumulative Perpetual preferred stock, series A once the offering closes.

If the company redeems the series A preferred stock, it also intends to seek agreement with the U.S. Treasury to repurchase the warrant to purchase 1,647,931 shares of common stock issued to the U.S. Treasury under its Capital Purchase Program.

In order to effect this repurchase, the company must reach agreement with the U.S. Treasury on the fair market value of the warrant. The company can make no assurances as to whether it will in fact reach such agreement and, if so, at what price.

Trustmark is a financial services company providing banking and financial solutions through over 150 offices and 2,600 associates in Florida, Mississippi, Tennessee and Texas.

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